Shenzhen, China, has seen an unprecedented growth in millionaires over the past decade, making it the fastest growing city in terms of wealthy individuals. According to a recent report by New World Wealth and Henley & Partners, Shenzhen recorded a whopping 140% increase in its millionaire count. This growth far surpasses that of other major
Talent
The costs associated with managing a family office have skyrocketed in recent years, with the average annual operating expenses exceeding $3 million. This increase is largely driven by the growing competition for talent within the industry, which has led to higher staffing expenses. As the number of family offices continues to rise, they are increasingly
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